Muscat GroupMUSCAT GROUP195A東証グロースサービス業FY ending Mar 2026, consolidated, J-GAAP
It lost about ¥10 for every ¥100 of sales at the operating level. Revenue changed +38.3% from the prior year, operating profit -553.6%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2023 | — | —× | -9.7% | —× | — |
| 2024 | 4.6% | 1.56× | 7.2% | 2.19× | 15.8% |
| 2025 | 3.8% | 1.12× | 4.2% | 2.79× | 11.8% |
| 2026 | — | —× | -8.0% | —× | — |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|
| Revenue | 1,834 | 2,375 | 2,987 | 4,130 |
| Cost of revenue | 822 | 1,088 | 1,364 | 1,916 |
| Gross profit | 1,012 | 1,286 | 1,622 | 2,213 |
| SG&A | 1,179 | 1,198 | 1,534 | 2,613 |
| Operating income | -167 | 88 | 88 | -399 |
| Pretax income | -169 | 89 | 115 | -87 |
| Income tax | -47 | -21 | 2 | 308 |
| Net income attributable to owners | -122 | 110 | 113 | -369 |
| Operating margin | -9.1% | 3.7% | 2.9% | -9.7% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
| Item | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|
| Cash and equivalents | ¥196.3M | ¥613.1M | ¥544M | ¥689.6M |
| Total assets | ¥1.26B | ¥1.79B | ¥3.55B | ¥5.65B |
| Net assets | ¥641.9M | ¥751.9M | ¥1.16B | ¥1.09B |
| Share capital | ¥100M | ¥100M | ¥249.9M | ¥423.2M |
| Trade receivables | — | ¥256.4M | ¥504.5M | ¥590.7M |
| Property, plant and equipment | ¥16.5M | ¥16.6M | ¥565.3M | ¥316.5M |
| Intangible assets excluding goodwill | ¥577.5M | ¥550.5M | ¥825.3M | ¥2.39B |
| Goodwill | ¥535.3M | ¥496.7M | ¥762.4M | ¥2.31B |
| Investment securities | — | — | — | ¥187.6M |
| Current assets | ¥536.2M | ¥1.1B | ¥1.86B | ¥2.62B |
| Current liabilities | ¥375.8M | ¥590.4M | ¥970.2M | ¥2.83B |
| Short-term borrowings | ¥25M | ¥75M | ¥220M | ¥820.2M |
| Long-term borrowings | ¥233.6M | ¥449.8M | ¥1.18B | ¥1.56B |
| Bonds | — | — | ¥210M | ¥150M |
| Interest-bearing debt | — | — | ¥1.61Bderived | ¥2.53Bderived |
| Total liabilities | ¥613.5M | ¥1.04B | ¥2.39B | ¥4.56B |
| Equity attributable to owners of parent | ¥641M | ¥751M | ¥1.16B | ¥1.14B |
| Retained earnings | -¥121.9M | -¥11.9M | ¥101M | -¥267.6M |
Spotted an error? Report it (corrections keep the original record)
Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.